
If the reason for buying it is solely as an investment, then youre credit report business Lexington better off putting it in a savings account because then the insurance company wont get a cut.
If theres another reason credit report business Lexington involving beneficiaries, then its going to be more tricky. The issue here isnt the facts for or against the type of policy that your mother is looking at. The facts against that type of policy are abundant and easy to find. The issue is whether or not your mother will even listen to you at all credit report business Lexington on this issue. This is particularly true if shes listened to a persuasive salesperson who has tugged strongly on her heartstrings. Youve got to figure out why she wants to buy this insurance. Im 25, single, and a few months away from graduating with a masters in public health. I have finished paying for school and have no debt of any kind as I worked throughout my undergrad and masters. In fact, I have more money than I know what to do with. credit report business Lexington For safe keeping, and because I didnt know what else to do and was too busy with school and my two jobs to have time to think, I have put the majority of this money (approx. credit information $75,000 Cdn) in short term GICs, the terms of which are ending at the end of this year so Ill be able to move this money.
I have recently received an additional $40,000 from a grandparent.
This money is now just sitting in my savings account. I dont require any of this money to live off of, since I credit report business Lexington am still working, and will be making even more once I start working full time in January when I am done with school. I have a lot of work experience in my field, and there are many jobs in this area, so I expect to find a job where credit report business Lexington I expect to make at least $55,000/year, and likely more within a couple years. I rent a very, very cheap apartment and my only other expense is my cell phone bill, and the regular stuff (food, clothing, etc.) (max $1,500/month which all comes out of my employment earnings with some to spare). The point being that I have over $100,000 that I dont currently need, and dont expect to need in the near credit report business Lexington future, which I know I should be investing, but I dont know where to begin. credit report canada free What kinds of investments should I be considering???
I dont have any specific retirement savings plan set up. I know I am fortunate to be in this position, but I am completely overwhelmed. I have been trying to educate myself about investing, but I find myself quickly tossing the books aside because there are too many options. My only goal is that within the next 5 years I hope to buy some property outside of the city (currently live in downtown Toronto). I anticipate that anything else I want credit report business Lexington to pay for (travel) can come out of money that I am earning/will be credit report business Lexington earning. - Judy Your goal with this money is short term, so I would keep it in cash.
Most other investments with a high potential return also have a high potential risk, so if you were to try to tap that investment in, say, three years, you could very well have a lower balance than when you started. Sometimes, its hard to credit report business Lexington shake the feeling that money in a savings account isnt invested. Savings accounts are an investment thats extremely low risk and very liquid, two features that are hard to find together in an investment. For those benefits, you generally get a low return. credit report and score free These features make savings accounts a credit report business Lexington great place to keep money in the short term less than five years or so. This is particularly true when youre not absolutely sure when youre going to need that cash. Q3: Paying bills with reward cards Does it make sense to make all your purchases and bill payments (minus the mortgage) with a credit card with a rewards program, as long as you can pay off your balance each month?
Brak komentarzy:
Prześlij komentarz